From Financial Modeling Prep: 2024-11-25 12:12:00

Bath & Body Works (NYSE:BBWI) stock surged over 15% after beating Q3 earnings estimates and raising full-year guidance. Adjusted EPS was $0.49, exceeding the $0.47 estimate. Revenue hit $1.61 billion, up 3% YoY. Success attributed to product innovation and strategic investments in marketing and technology.

The company revised its full-year 2024 guidance, now expecting a smaller decline in net sales of 2.5% to 1.7% compared to fiscal 2023. Full-year adjusted EPS forecasted to range from $3.15 to $3.28.

Q4 net sales expected to decline 6.5% to 4.5% YoY due to a shifted fiscal calendar. Earnings per share projected between $1.94 and $2.07. Guidance includes the impact of $400 million in share repurchases for the fiscal year.



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